lipped from: https://economictimes.indiatimes.com/news/economy/policy/stricter-rbi-rules-force-auditors-to-rethink-on-assessing-holding-cos/articleshow/82689602.cms Synopsis–Holding companies of large corporate entities are now categorised as “deemed” Non Banking Finance Companies (NBFCs) even if they have not borrowed a
Category: IBC-SEBI
Govt not present as India faces ‘greatest challenge’ in Covid-19: Rajan | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/covid-probably-india-s-greatest-challenge-since-independence-rajan-121051501036_1.html ‘Pandemic has shown that we are all connected,’ says economist and former RBI governor at a virtual event. Covid-19 is probably India’s greatest
Sebi’s relaxed norms likely to give private equity firms faster exits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sebi-s-relaxed-norms-likely-to-give-private-equity-firms-faster-exits-121051401494_1.html Sebi also plans to replace the “promoter” concept to “person in control” So far, since PE funds have limited lives and long lock-in
Let promoter clause remain for better accountability – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/let-promoter-clause-remain-for-better-accountability/article34560086.ece Difficult to unearth Sahara-like scams if disclosures are curtailed in DRHP The market regulator Securities and Exchange Board of India last week came
Modernising promoter, albeit gradually – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/modernising-promoter-albeit-gradually/articleshow/82638491.cmsSynopsis We need better corporate governance in India Inc, with the board and management held to account. Hence the reduced regulatory relevance of the
Number of independent directors on decline; PSUs mainly responsible for reduction: Report – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/number-of-independent-directors-on-decline-psus-mainly-responsible-for-reduction-report/articleshow/82629611.cmsSynopsis The total number of IDs reduced to 2,249 in 2020 as against 2,396 in 2019 and 2,494 in the previous year, said the
Sebi objects to Securities Appellate Tribunal missing key member | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-objects-to-securities-appellate-tribunal-missing-key-member-121051301411_1.html Tribunal has taken opinion of senior counsel in the matter The SAT hears appeals against decisions that Sebi takes as securities market regulator
‘Promoter’ vs ‘person in control’: How will Sebi’s new proposal play out? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/promoter-vs-person-in-control-how-will-sebi-s-new-proposal-play-out-121051301327_1.html The rationale behind replacing the concept of “promoter” with “person in control” is to absolve entities, which, in reality, don’t have any control
Auto-debit payment bounce rate increases again in April | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/second-covid-wave-auto-debit-payment-bounce-rate-increases-again-in-april-121051400052_1.html Experts say the rise may continue, given the lockdowns In absolute terms, in April of the 85.4 million auto-debit transactions initiated, 56.3 million
Independent Directors: Indian companies slow in changing board composition, notes IiAS – The Financial Express
Clipped from: https://www.financialexpress.com/industry/independent-directors-indian-companies-slow-in-changing-board-composition-notes-iias/2251635/ The report has said that 14% (70 companies) were non-compliant with board composition norms. Out of these 70 companies, 55 companies were PSUs.
Bankruptcy: NCLT delays compounded by lack of new appointments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankruptcy-indias-struggling-lenders-need-to-brace-for-more-pain-ahead/articleshow/82605785.cms Synopsis–The government’s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of
Auto retailers’ lobby writes to FM, RBI governor to request loan moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-retailers-lobby-writes-to-fm-rbi-governor-to-request-loan-moratorium/articleshow/82604831.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Retailers, or dealers, make an upfront payment to automakers while purchasing vehicles and this is usually funded through loans with a payment cycle
Hiring for Debt Recovery Tribunals put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hiring-for-drts-put-on-fast-track/articleshow/82612485.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars, in Delhi,
Rationalising regulation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rationalising-regulation-121051201470_1.html Sebi’s proposals are in line with changing investor landscape The Securities and Exchange Board of India (Sebi) has released a discussion paper indicating
Rationalising regulation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rationalising-regulation-121051201470_1.html Sebi’s proposals are in line with changing investor landscape The Securities and Exchange Board of India (Sebi) has released a discussion paper indicating
Sebi catches up with changing corp landscape – The Financial Express
lipped from: https://www.financialexpress.com/opinion/sebi-catches-up-with-changing-corp-landscape/2250970/ ‘Person in control’ instead of ‘promoter’ as key person, change in lock-in period for promoters’ stake nod to new-age companies So, it is
Towards greater audit transparency – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/towards-greater-audit-transparency/article34544659.ece By adopting tracking of this accounting function, India has taken a key step to ensure that financial systems remain fraud-free To bring in
Premature on promoters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/it-is-not-time-yet-for-sebi-to-relax-its-vigilance-on-promoters-and-their-group-entities/article34544269.ece It is not time yet for SEBI to relax its vigilance on promoters and their group entities For long, the Securities Exchange Board
CSR spending: Corporates told to create accounting ‘liability’ for unspent amounts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/csr-spending-corporates-told-to-create-accounting-liability-for-unspent-amounts/article34536833.ece CA Insitute’s clarification follows MCA’s diktat on fulfilling ‘obligation’ Close on the heels of the Ministry of Corporate Affairs (MCA) requiring companies to
Socially relevant – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/ensuring-that-only-credible-social-enterprises-use-the-social-stock-exchanges-is-the-right-approach/article34536978.ece Ensuring that only credible social enterprises use the social stock exchanges is the right approach With the technical group set up by the
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